as long as INDY can breakout the resistance area which is between 2070 - 2170 as well as breakout the EMA 100, I assume INDY will continue to go to the next resistance area range 2450 - 2580. The potential upside for this trading will is about 13% - 19%. put the stop loss at 8%
Comment:
as long as INDY can break the resistance area between 2070 - 2170 and breakout EMA 100, then I expect INDY will continue to rise to the next resistance area in the range of 2450 - 2580. The upside potential for this trade is around 13% - 19%. place a stop loss at the 8% level.